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1120 - Dividends to shareholders Is it treated as a non

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1120 - Dividends to shareholders Is...
1120 - Dividends to shareholders
Is it treated as a non expense?......................I just want to double check.
Where in 1120 should I reported it.
Do I have to issue a 1099-Div
Submitted: 1 year ago.Category: Tax
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Answered in 12 minutes by:
11/9/2016
Tax Professional: Stephen G., Sr Income Tax Expert replied 1 year ago
Stephen G.
Stephen G., Sr Income Tax Expert
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Tax Professional: Stephen G., Sr Income Tax Expert replied 1 year ago

Dividends are not an expense of the Corporation.

Yes you have to issue 1099-DIV for those dividends.

Dividends are reported on Schedule M-2 Line 5(a). (5 Distributions: a Cash)

Steve G.

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Tax Professional: Stephen G., Sr Income Tax Expert replied 1 year ago

Lidia:

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Thanks very much,

Steve G.

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